- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | -0.35 | -2.94 | 22.22 | -19.71 | -12.95 | -11.42 | -52.07 | -6.7 | -4.35 | -51.78 | -1.43 | 11.79 | -51.78 | -1.43 | 11.79 | -2.17 | -3.83 | 17.18 | -1.63 | 5.78 | 35.57 | 0.03 | 0.0 | -25.0 | -34.25 | -1.6 | 20.22 | 38.12 | 38.97 | 933.06 | 100.00 | 4.6 | 17.65 | -1.06 | -124.2 | -107.09 | 35.45 | 2.55 | 19.8 |
| 24Q2 (19) | -0.34 | 5.56 | 2.86 | -17.45 | -170.96 | 29.15 | -48.80 | -50.8 | 8.44 | -51.05 | -36.53 | -3.26 | -51.05 | -36.53 | -3.26 | -2.09 | 5.0 | -5.56 | -1.73 | 13.93 | 9.9 | 0.03 | -40.0 | -25.0 | -33.71 | -31.78 | -9.84 | 27.43 | 92.22 | 674.86 | 95.60 | 10.4 | -11.97 | 4.40 | -67.2 | 158.4 | 34.57 | 30.85 | 4.6 |
| 24Q1 (18) | -0.36 | 10.0 | -9.09 | -6.44 | 39.42 | 79.42 | -32.36 | 18.01 | 50.95 | -37.39 | 20.14 | 38.65 | -37.39 | 20.14 | 38.65 | -2.20 | 8.71 | -19.57 | -2.01 | 13.36 | -12.92 | 0.05 | 0.0 | 66.67 | -25.58 | 23.91 | 23.25 | 14.27 | 244.69 | 332.42 | 86.60 | 2.78 | -19.65 | 13.40 | -14.86 | 272.31 | 26.42 | -11.49 | -28.67 |
| 23Q4 (17) | -0.40 | 11.11 | 6.98 | -10.63 | 39.91 | 64.06 | -39.47 | 20.9 | 39.16 | -46.82 | 20.24 | 30.0 | -46.82 | 20.24 | 30.0 | -2.41 | 8.02 | -2.99 | -2.32 | 8.3 | -2.2 | 0.05 | 25.0 | 66.67 | -33.62 | 21.69 | 22.59 | 4.14 | 12.2 | 16.62 | 84.26 | -0.87 | -12.76 | 15.74 | 4.94 | 360.42 | 29.85 | 0.88 | -21.39 |
| 23Q3 (16) | -0.45 | -28.57 | 15.09 | -17.69 | 28.18 | 47.94 | -49.90 | 6.38 | 26.78 | -58.70 | -18.73 | 27.05 | -58.70 | -18.73 | 27.05 | -2.62 | -32.32 | 5.76 | -2.53 | -31.77 | 6.3 | 0.04 | 0.0 | 33.33 | -42.93 | -39.88 | 25.08 | 3.69 | 4.24 | 22.59 | 85.00 | -21.73 | 0.45 | 15.00 | 299.29 | -2.5 | 29.59 | -10.47 | -14.03 |
| 23Q2 (15) | -0.35 | -6.06 | 20.45 | -24.63 | 21.28 | 43.39 | -53.30 | 19.21 | 37.32 | -49.44 | 18.88 | 37.86 | -49.44 | 18.88 | 37.86 | -1.98 | -7.61 | 12.0 | -1.92 | -7.87 | 12.33 | 0.04 | 33.33 | 33.33 | -30.69 | 7.92 | 40.21 | 3.54 | 7.27 | 17.22 | 108.60 | 0.76 | 1.76 | -7.53 | 3.23 | -11.96 | 33.05 | -10.77 | -21.31 |
| 23Q1 (14) | -0.33 | 23.26 | 8.33 | -31.29 | -5.78 | 10.75 | -65.97 | -1.7 | 11.78 | -60.95 | 8.88 | 11.92 | -60.95 | 8.88 | 11.92 | -1.84 | 21.37 | -0.55 | -1.78 | 21.59 | -0.56 | 0.03 | 0.0 | 0.0 | -33.33 | 23.26 | 16.09 | 3.30 | -7.04 | 23.6 | 107.78 | 11.59 | -0.36 | -7.78 | -327.5 | 4.72 | 37.04 | -2.45 | -3.16 |
| 22Q4 (13) | -0.43 | 18.87 | -10.26 | -29.58 | 12.95 | 1.73 | -64.87 | 4.81 | -0.32 | -66.89 | 16.88 | -54.48 | -66.89 | 16.88 | -54.48 | -2.34 | 15.83 | -18.78 | -2.27 | 15.93 | -27.53 | 0.03 | 0.0 | -25.0 | -43.43 | 24.21 | -95.45 | 3.55 | 17.94 | -9.44 | 96.58 | 14.14 | -35.41 | 3.42 | -77.78 | 106.9 | 37.97 | 10.31 | 26.86 |
| 22Q3 (12) | -0.53 | -20.45 | 3.64 | -33.98 | 21.9 | -46.78 | -68.15 | 19.85 | -19.75 | -80.47 | -1.14 | -46.79 | -80.47 | -1.14 | -46.79 | -2.78 | -23.56 | -2.21 | -2.70 | -23.29 | -15.88 | 0.03 | 0.0 | -25.0 | -57.30 | -11.63 | -65.75 | 3.01 | -0.33 | -79.59 | 84.62 | -20.71 | -18.15 | 15.38 | 328.85 | 479.49 | 34.42 | -18.05 | 29.11 |
| 22Q2 (11) | -0.44 | -22.22 | -15.79 | -43.51 | -24.1 | -390.53 | -85.03 | -13.71 | -159.55 | -79.56 | -14.97 | -155.08 | -79.56 | -14.97 | -155.08 | -2.25 | -22.95 | -21.62 | -2.19 | -23.73 | -38.61 | 0.03 | 0.0 | -40.0 | -51.33 | -29.23 | -252.78 | 3.02 | 13.11 | -80.08 | 106.72 | -1.33 | 1.78 | -6.72 | 17.65 | -38.49 | 42.00 | 9.8 | 68.4 |
| 22Q1 (10) | -0.36 | 7.69 | 7.69 | -35.06 | -16.48 | -208.63 | -74.78 | -15.65 | -77.92 | -69.20 | -59.82 | -74.13 | -69.20 | -59.82 | -74.13 | -1.83 | 7.11 | 0.54 | -1.77 | 0.56 | -10.62 | 0.03 | -25.0 | -25.0 | -39.72 | -78.76 | -106.34 | 2.67 | -31.89 | -81.3 | 108.16 | -27.66 | 2.32 | -8.16 | 83.52 | -42.86 | 38.25 | 27.8 | 57.34 |
| 21Q4 (9) | -0.39 | 29.09 | 89.04 | -30.10 | -30.02 | 67.35 | -64.66 | -13.62 | 75.71 | -43.30 | 21.01 | 83.63 | -43.30 | 21.01 | 83.63 | -1.97 | 27.57 | 87.26 | -1.78 | 23.61 | 87.22 | 0.04 | 0.0 | -20.0 | -22.22 | 35.72 | 90.9 | 3.92 | -73.42 | -69.21 | 149.52 | 44.64 | 48.44 | -49.52 | -1121.59 | -7799.05 | 29.93 | 12.27 | 68.05 |
| 21Q3 (8) | -0.55 | -44.74 | -17.02 | -23.15 | -160.99 | -13.98 | -56.91 | -73.72 | -10.5 | -54.82 | -75.76 | -12.01 | -54.82 | -75.76 | -12.01 | -2.72 | -47.03 | -43.16 | -2.33 | -47.47 | -34.68 | 0.04 | -20.0 | 0.0 | -34.57 | -137.59 | -63.92 | 14.75 | -2.7 | 59.63 | 103.38 | -1.41 | -2.1 | -4.05 | 16.49 | 27.61 | 26.66 | 6.9 | 20.25 |
| 21Q2 (7) | -0.38 | 2.56 | 7.32 | -8.87 | 21.92 | 63.75 | -32.76 | 22.06 | 42.43 | -31.19 | 21.51 | 42.32 | -31.19 | 21.51 | 42.32 | -1.85 | -0.54 | -11.45 | -1.58 | 1.25 | -3.27 | 0.05 | 25.0 | 66.67 | -14.55 | 24.42 | 23.14 | 15.16 | 6.16 | 97.4 | 104.85 | -0.81 | -0.52 | -4.85 | 15.05 | 10.19 | 24.94 | 2.59 | 0 |
| 21Q1 (6) | -0.39 | 89.04 | 11.36 | -11.36 | 87.68 | 50.11 | -42.03 | 84.21 | 43.18 | -39.74 | 84.97 | 38.33 | -39.74 | 84.97 | 38.33 | -1.84 | 88.1 | -6.98 | -1.60 | 88.51 | -1.27 | 0.04 | -20.0 | 100.0 | -19.25 | 92.12 | 21.3 | 14.28 | 12.18 | 131.44 | 105.71 | 4.95 | -7.5 | -5.71 | -811.43 | 62.22 | 24.31 | 36.5 | -23.0 |
| 20Q4 (5) | -3.56 | -657.45 | -727.91 | -92.20 | -353.96 | -1484.19 | -266.23 | -416.95 | -671.23 | -264.44 | -440.34 | -670.96 | -264.44 | -440.34 | -670.96 | -15.46 | -713.68 | -842.68 | -13.93 | -705.2 | -822.52 | 0.05 | 25.0 | 25.0 | -244.20 | -1057.89 | -1913.19 | 12.73 | 37.77 | 50.83 | 100.73 | -4.61 | -0.13 | -0.63 | 88.8 | 27.27 | 17.81 | -19.67 | 28.22 |
| 20Q3 (4) | -0.47 | -14.63 | 0.0 | -20.31 | 17.0 | 0.0 | -51.50 | 9.49 | 0.0 | -48.94 | 9.49 | 0.0 | -48.94 | 9.49 | 0.0 | -1.90 | -14.46 | 0.0 | -1.73 | -13.07 | 0.0 | 0.04 | 33.33 | 0.0 | -21.09 | -11.41 | 0.0 | 9.24 | 20.31 | 0.0 | 105.60 | 0.18 | 0.0 | -5.60 | -3.6 | 0.0 | 22.17 | 0 | 0.0 |
| 20Q2 (3) | -0.41 | 6.82 | 0.0 | -24.47 | -7.47 | 0.0 | -56.90 | 23.08 | 0.0 | -54.07 | 16.09 | 0.0 | -54.07 | 16.09 | 0.0 | -1.66 | 3.49 | 0.0 | -1.53 | 3.16 | 0.0 | 0.03 | 50.0 | 0.0 | -18.93 | 22.61 | 0.0 | 7.68 | 24.47 | 0.0 | 105.41 | -7.77 | 0.0 | -5.41 | 64.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.44 | -2.33 | 0.0 | -22.77 | -291.24 | 0.0 | -73.97 | -114.28 | 0.0 | -64.44 | -87.87 | 0.0 | -64.44 | -87.87 | 0.0 | -1.72 | -4.88 | 0.0 | -1.58 | -4.64 | 0.0 | 0.02 | -50.0 | 0.0 | -24.46 | -101.65 | 0.0 | 6.17 | -26.9 | 0.0 | 114.29 | 13.31 | 0.0 | -15.13 | -1654.62 | 0.0 | 31.57 | 127.29 | 0.0 |
| 19Q4 (1) | -0.43 | 0.0 | 0.0 | -5.82 | 0.0 | 0.0 | -34.52 | 0.0 | 0.0 | -34.30 | 0.0 | 0.0 | -34.30 | 0.0 | 0.0 | -1.64 | 0.0 | 0.0 | -1.51 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | -12.13 | 0.0 | 0.0 | 8.44 | 0.0 | 0.0 | 100.86 | 0.0 | 0.0 | -0.86 | 0.0 | 0.0 | 13.89 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -1.53 | 0 | -19.86 | 0 | -50.66 | 0 | 17.88 | -30.23 | -53.30 | 0 | -53.30 | 0 | -8.86 | 0 | -8.53 | 0 | 0.16 | 33.33 | -35.36 | 0 | 4.14 | 16.62 | 95.13 | -3.04 | 4.87 | 157.91 | 0.00 | 0 | 31.93 | -15.95 |
| 2022 (9) | -1.77 | 0 | -35.24 | 0 | -72.65 | 0 | 25.62 | 38.35 | -74.10 | 0 | -74.10 | 0 | -9.36 | 0 | -9.02 | 0 | 0.12 | -33.33 | -48.45 | 0 | 3.55 | -9.44 | 98.11 | -14.66 | 1.89 | 0 | 0.00 | 0 | 37.99 | 44.45 |
| 2021 (8) | -1.71 | 0 | -17.59 | 0 | -47.84 | 0 | 18.52 | -34.04 | -41.63 | 0 | -41.63 | 0 | -8.31 | 0 | -7.54 | 0 | 0.18 | 28.57 | -22.31 | 0 | 3.92 | -69.21 | 114.97 | 11.9 | -14.97 | 0 | 0.00 | 0 | 26.30 | 13.36 |
| 2020 (7) | -4.88 | 0 | -47.43 | 0 | -133.83 | 0 | 28.08 | 17.73 | -130.22 | 0 | -130.22 | 0 | -20.53 | 0 | -18.50 | 0 | 0.14 | -12.5 | -101.39 | 0 | 12.73 | 50.83 | 102.74 | -0.51 | -2.74 | 0 | 0.00 | 0 | 23.20 | 4.32 |
| 2019 (6) | -2.39 | 0 | -21.35 | 0 | -52.68 | 0 | 23.85 | 5.23 | -51.02 | 0 | -51.02 | 0 | -8.64 | 0 | -7.92 | 0 | 0.16 | 6.67 | -26.47 | 0 | 8.44 | 15.93 | 103.27 | 6.62 | -3.27 | 0 | 0.00 | 0 | 22.24 | 4.36 |
| 2018 (5) | -7.02 | 0 | -53.00 | 0 | -124.27 | 0 | 22.66 | 221.9 | -128.27 | 0 | -128.92 | 0 | -21.22 | 0 | -19.53 | 0 | 0.15 | -64.29 | -104.91 | 0 | 7.28 | -18.66 | 96.86 | 18.03 | 3.09 | -82.79 | 0.00 | 0 | 21.31 | 144.66 |
| 2017 (4) | 0.68 | -55.56 | 15.07 | -29.12 | 4.69 | -61.43 | 7.04 | 13.96 | 5.71 | -46.44 | 3.97 | -43.53 | 1.84 | -54.34 | 1.73 | -52.86 | 0.42 | -19.23 | 12.97 | -23.53 | 8.95 | -29.19 | 82.06 | -28.09 | 17.94 | 0 | 0.00 | 0 | 8.71 | 9.28 |
| 2016 (3) | 1.53 | 2.0 | 21.26 | 1.63 | 12.16 | 11.25 | 6.18 | -2.87 | 10.66 | -7.79 | 7.03 | -10.22 | 4.03 | 5.22 | 3.67 | 4.56 | 0.52 | 20.93 | 16.96 | -9.69 | 12.64 | 27.04 | 114.12 | 20.61 | -14.12 | 0 | 0.00 | 0 | 7.97 | -7.54 |
| 2015 (2) | 1.50 | -66.96 | 20.92 | -39.54 | 10.93 | -58.49 | 6.36 | 35.3 | 11.56 | -59.35 | 7.83 | -62.82 | 3.83 | -67.98 | 3.51 | -63.59 | 0.43 | -4.44 | 18.78 | -44.44 | 9.95 | -34.88 | 94.62 | 2.16 | 5.38 | -27.77 | 0.00 | 0 | 8.62 | 13.72 |
| 2014 (1) | 4.54 | -29.5 | 34.60 | 0 | 26.33 | 0 | 4.70 | 67.94 | 28.44 | 0 | 21.06 | 0 | 11.96 | 0 | 9.64 | 0 | 0.45 | -27.42 | 33.80 | 12.22 | 15.28 | -62.72 | 92.61 | -9.52 | 7.45 | 0 | 0.00 | 0 | 7.58 | 35.6 |
